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Michaels, Gap, At Home, Container Store among latest downgrades on pandemic disruption
News 2 months ago
Michaels, Gap, At Home, Container Store among latest downgrades on pandemic disruption
Source Retail Dive

The downgrades are coming fast as retail goes through a massive, unprecedented upheaval. More than 100 retailers have closed tens of thousands of...

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B8ta announces corporate layoffs and store associate furloughs
News 2 months ago
B8ta announces corporate layoffs and store associate furloughs
Source Retail Dive

B8ta is the latest company to see its business dramatically impacted as the COVID-19 outbreak unfolds. Other retailers, like Designer Brands, Pier...

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Shopping platform Streetify offers free digital storefronts amid coronavirus outbreak
News 2 months ago
Shopping platform Streetify offers free digital storefronts amid coronavirus outbreak
Source Retail Dive

Long before the COVID-19 outbreak began, various retailers like Wayfair, Ikea and Sally Beauty tested out augmented reality or virtual reality...

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Modell's bankruptcy suspended due to coronavirus store closures
News 2 months ago
Modell's bankruptcy suspended due to coronavirus store closures
Source Retail Dive

UPDATE: March 27, 2020: On Friday, the United States Bankruptcy Court for the District of New Jersey approved Modell's request to suspend its...

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Joann downgraded as pandemic disruption looms
News 2 months ago
Joann downgraded as pandemic disruption looms
Source Retail Dive

Joann joined Party City last week in receiving a downgrade into C-territory from S&P, in part on COVID-19 concerns. S&P analysts Pasha Azadmard and...

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FutureProof Retail donates mobile checkout tech during pandemic
News 2 months ago
FutureProof Retail donates mobile checkout tech during pandemic
Source Retail Dive

As more cities and state governments discourage people from leaving their homes, it's unclear just how much retailers will be upended as a result...

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How small retailers are coping with the pandemic
News 2 months ago
How small retailers are coping with the pandemic
Source Retail Dive

Jennifer Rockwell was working in her secondhand apparel shop in downtown Portland, Maine, last week, scrambling to figure out how she could sell...

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Party City downgraded on weak sales, coronavirus disruption
News 2 months ago
Party City downgraded on weak sales, coronavirus disruption
Source Retail Dive

Party City is among the retailers that started 2020 with a weakening or imperiled market position: falling sales, falling margins and negative...

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Retail Therapy: Ikea enters the streetwear scene
News 2 months ago
Retail Therapy: Ikea enters the streetwear scene
Source Retail Dive

It's been another weird week in retail. Ikea took a note from streetwear brands, restaurants started offering a particularly useful side and...

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E-commerce also pulls back amid pandemic precautions
News 2 months ago
E-commerce also pulls back amid pandemic precautions
Source Retail Dive

As the COVID-19 pandemic reaches more communities in the U. S., not all retailers are closing stores - grocery stores and mass merchants selling...

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RTW Retailwinds taps new CEO from within
News 2 months ago
RTW Retailwinds taps new CEO from within
Source Retail Dive

Inglis is set to take the chief executive reins at RTW (formerly New York & Co.) at a time when the world will most likely still be grappling with...

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Simon Property closes all its malls to battle COVID-19
News 2 months ago
Simon Property closes all its malls to battle COVID-19
Source Retail Dive

Simon's decision to close its malls follows that of dozens of retailers - from Nike to J. C. Penney - to shutter all of their U.S. stores through...

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Distressed retailers struggled with falling sales for years — and then came coronavirus
News 2 months ago
Distressed retailers struggled with falling sales for years — and then came coronavirus
Source Retail Dive

Retailing has been plenty difficult for the past several years. Of the dozens of retailers to file for bankruptcy since 2016, many if not most of...

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Temporary closures could wipe out up to 50% of some retailers' annual profits, Cowen says
News 2 months ago
Temporary closures could wipe out up to 50% of some retailers' annual profits, Cowen says
Source Retail Dive

The store closure announcements have been flooding in throughout the week, as retailers across categories move to temporarily shutter stores as...

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NRF pushes government to come to retail's aid
News 2 months ago
NRF pushes government to come to retail's aid
Source Retail Dive

Consumer sentiment was already cooling this year, as seen in February's tepid retail sales report, and the COVID-19 pandemic has only added more...

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Facebook announces $100M in grants to small businesses impacted by COVID-19
News 2 months ago
Facebook announces $100M in grants to small businesses impacted by COVID-19
Source Retail Dive

Facebook's effort to assist small businesses during the coronavirus outbreak is yet another sign of just how much the pandemic is impacting retail....

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L Brands leans on its revolver for cash as it braces for store shutdowns
News 2 months ago
L Brands leans on its revolver for cash as it braces for store shutdowns
Source Retail Dive

Analysts by and large hailed L Brands' decision last month to sell a majority stake in its struggling Victoria's Secret lingerie business, but the...

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Retailers brace for the impact of coronavirus
News 2 months ago
Retailers brace for the impact of coronavirus
Source Retail Dive

In response to the rapidly changing climate and uncertainties surrounding COVID-19, many retailers have taken action. For some, like Macy's, Apple...

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Malls in New Jersey shut down on governor's order
News 2 months ago
Malls in New Jersey shut down on governor's order
Source Retail Dive

As retailers by the dozens move to close their stores, and states and cities take dramatic action to prevent large gatherings, mall closures are to...

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Macy's closes all of its stores through March
News 2 months ago
Macy's closes all of its stores through March
Source Retail Dive

Dozens of retailers have announced this week that they will close their stores nationwide as governments and businesses scramble to prevent further...

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Retail at risk as consumers hunker down
News 2 months ago
Retail at risk as consumers hunker down
Source Retail Dive

In the past several days, rapidly changing responses to COVID-19, a virus caused by a member of the coronavirus family, have led​ many retailers to...

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Monthly retail sales from the US Commerce Department
News 2 months ago
Monthly retail sales from the US Commerce Department
Source Retail Dive

Every month, the U. S. Department of Commerce, Census Bureau, releases its first calculation of the previous month's retail sales. At Retail Dive,...

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Kohl's to sell Lands' End online, in stores
News 2 months ago
Kohl's to sell Lands' End online, in stores
Source Retail Dive

Lands' End is switching its legacy department store partner. The apparel retailer originally spun off as an independent company from Sears in 2014,...

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Retailers implore consumers to avoid panic buying as shelves swiftly empty
News 2 months ago
Retailers implore consumers to avoid panic buying as shelves swiftly empty
Source Retail Dive

Amid increasing reports of clusters of outbreaks of COVID-19 in the U. S. in recent days, political leaders in Washington, D.C., and several states...

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Tracking retail's response to the coronavirus
News 2 months ago
Tracking retail's response to the coronavirus
Source Retail Dive

As the private and public sectors try to manage the outbreak of COVID-19, retailers across categories are taking dramatic steps to try prevent the...

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What 5 retail industry leaders are saying about coronavirus
News 2 months ago
What 5 retail industry leaders are saying about coronavirus
Source Retail Dive

It is not exactly clear what the depth of the fallout from COVID-19 will entail for the retail sector. Last week's American Apparel & Footwear...

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Ulta temporarily shuts down in-store services amid coronavirus fears
News 2 months ago
Ulta temporarily shuts down in-store services amid coronavirus fears
Source Retail Dive

Like many others in the retail space, Ulta executives spent a portion of the fourth quarter earnings call discussing actions to address the...

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Gap Inc. profits plunge despite Old Navy recovery
News 2 months ago
Gap Inc. profits plunge despite Old Navy recovery
Source Retail Dive

Gap Inc. showed some signs of life in the fourth quarter, but Syngal nevertheless has her work cut out for her as she assumes the chief executive...

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Retail Therapy: Ikea creates larger-than-life pizza fixture
News 2 months ago
Retail Therapy: Ikea creates larger-than-life pizza fixture
Source Retail Dive

In a collaboration with Pizza Hut Hong Kong, the Swedish furniture retailer flatpacked a lifesize version of the tiny tables found inside pizza...

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Feeling left behind in the age of AI and machine learning?
News 2 months ago
Feeling left behind in the age of AI and machine learning?
Source Retail Dive

Artificial intelligence (AI) and machine learning (ML) are all the rage in retail marketing, mainly because of new challenges caused by high...

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